Bosch, Mahle to bail out of turbochargers JV
Mahle and Robert Bosch plan to sell their turbocharger partnership, citing a failure to achieve economies of scale despite strong sales growth. Their joint venture, Bosch Mahle Turbo Systems, has two plants in Austria and China and employs 1,400 workers.
Lear CEO says he's not planning run for Mich. governor
The rumors continue to circulate: Will Lear CEO Matt Simoncini run for governor of Michigan? He says there are no such plans.
Calsonic Kansei takes top Shareholder Value Awards
Calsonic Kansei Corp., of Japan, grabbed both the one- and three-year crowns in the 2016 Global Automotive Shareholder Value Award from PwC and Automotive News, presented at the Automotive News World Congress Jan. 11.
Cheaper lidar on the way
Lidar sensing technology is perceived as a critical component for autonomous vehicles, but is too costly to use. Some suppliers say they finally know how to produce lidar less expensively.
Denso changes its recruiting as needs widen
Denso's new strategy for filling engineering vacancies: recruit engineers in Detroit and dispatch them all over the country.
Yanfeng to invest in new HQ, tech center near Detroit
Yanfeng Automotive Interiors plans to invest $8.45 million in a new technical center and headquarters, which the supplier is moving to the Detroit suburb of Novi.
Engineering firm ABB to build $90 million r&d operation in Montreal
Swiss engineering firm ABB plans to build a $90-million r&d center in Montréal, where Canadians will help develop some of the next-generation technologies for electric vehicles.
BMW plans more purchasing with Daimler, report says
BMW plans to expand its cooperation with Daimler in purchasing components, the automaker's new head of purchasing, Markus Duesmann, told a German newspaper. BMW will have to alter its procurement to meet the trend for EVs and autonomous driving, Duesmann also said.
Another round of Takata airbag recalls filed by 13 automakers
More than a dozen automakers this week recalled another 652,000 vehicles with Takata airbag inflators in the U.S. to replace front passenger inflators as the largest callback in the history of the auto industry continues to cascade through the regulatory process.
Icahn to gain full control of Federal-Mogul with $300 million deal
Billionaire investor Carl Icahn, after nearly a year of posturing with Federal-Mogul's shareholders, will take full ownership of the diversified auto parts supplier in a roughly $300 million deal.
Panasonic aims to move Tesla auto partnership beyond batteries
Panasonic aims to extend its partnership with electric car maker Tesla Motors beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.